4-Star, Full-Service Hotel; Growing Revenues & Outstanding Location

Listing ID:
STJOHNB001-N38

Confidential, New Brunswick, Canada

Accommodation and Food Services

Listing Status: Active

Sunbelt of Saint John, New Brunswick

Phone: 1-866-766-1566
Fax: 1-506-658-6444

The following broker is assigned to this listing:

Mike Byrne

mike.bryne@sunbeltcanada.com

Description

Located on a busy highway in a vibrant area of NB, this established, meticulously-appointed hotel is busy in all-seasons and has a consistent record of growing revenues. Strategically located near transportation hubs and year-round attractions, it boasts top-quality amenities and all services including a restaurant, bar, banquet/ meeting facilities and indoor heated pool. The property is in mint condition with major renovations completed in April 2020. An opportunity for a seasoned hotelier or as an acquisition.

Financials

Asking Price:$10,900,000
Revenue:$4,300,000
Cash Flow:$999,000
Downpayment: ON REQUEST
Monthly Payroll: ON REQUEST
FF&E Asking Price: ON REQUEST
Inventory Asking Price:$22,000 (Included in Asking Price)
Financing Available?Yes

Property

Asking Price: ON REQUEST (Included in Asking Price)
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1979
Year Acquired:1979
Full-Time Employees:58
Part-Time Employees:N/A
Reason For Sale:Retirement